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FOX
Jan 22, 2013 6:00am PST
. this would take the debt ceiling issue off the table for now but other debates are coming in the weeks ahead. with the fiscal cliff, they have decided to put it off for months and also the current budget expires at the end of march without a spending plan in place, a partial government shut down is possible. house members are scheduled to vote tomorrow and democrats in the senate are on board with it. they are talking about it regarding the debt ceiling when i see you next, kyla campbell, ktvu channel 2 morning news. >> on our website as well, www.ktvu.com. >> i'll take that, including beyonce, she sang the national an them. >>> they are hoping to be led to the suspect involved in the robbery. three people were able to escape from the store after the shooting from the bullet proof glass. >>> they are deciding whether to approve a consulting contract for bradden. they don't like that he stopped to frisk tactics. but in a letter, they praised him and they said racial profiling will not be tolerated. if approved they will pay his consulting firm $200,000. >>> they set off a hollywood bidding wa
ABC
Jan 20, 2013 7:00am EST
talking about perhaps an increase in the debt ceiling that lasts for a couple of m months, that is offering tt to the president. frankly, and russ say agree with me here, i don't think markets would react to -- very approvingly to basically just another lurch from crisis to crisis. it wasn't o long ago that, maria, you and i were sitting in these chairs talking about the fiscal cliff. now the debt ceiling. do you want to have this discussion two months from now? >> i believe everybody believes this debt ceiling will be extended. you know these guys well. you worked right there with vice president biden. let me get your take on this. if we keep fighting about spending cuts and reining in the spending, how come it's always about putting the gloves on and fighting? we're not going to do this, we're not going to do that. how come we haven't seen any proposals for spending cuts? are we going to see that, you think? >> i do think so. i mean, i think that we have to go through this unfortunately, at least recent history suggests we have to go through this crisis mentality to get there. i
MSNBC
Jan 18, 2013 9:00pm PST
cantore telling the world, quote, next week we will authorize a three-month temporary debt ceiling increase. that was the announcement from the majority leader of the house republicans announcing they are giving up on what they had been saying for months was their plan, to not approve an increase in the debt ceiling to thereby push the country again into a self-imposed economic crisis and threat of defaulting on our national debt and all the panic we know that causes because they did it before in 2011. and eric cantore announced today they are not going to do that again even though they had been saying for months that they would. they gave up today on that threat. that's why the vix panic index stopped panicking today. that's the nice kickoff for what should be a nice weekend for the president. the white house unveiled the president's new second portrait. to refresh your memory, this is the first term one. same flag pin, similar blue tie, i guess. lots more gray up top. i don't know why they decided to go from the close cropped i.d. photo look from the first term to the i'm standin
MSNBC
Jan 19, 2013 3:00am PST
negotiate around the debt ceiling. we're not going to do that again. >> as i said earlier this week, one of the things i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. >> what i will not do is to have that negotiation with the gun at the head of the american people. that's not how we're going to do it this time. >> this evolution in the president's strategy for dealing with republicans and recognizing their strategy against him and knowing what he can and cannot expect to get out of them. on the last business day of his first term, it paid off today. and them giving up their demand that he needed to negotiate with them on the debt ceiling. today they recognized that they were not going to get that. and today the republicans caved. and the vix was very happy. at this point, the republicans are still trying to hand contingencies on this. they're still trying to say, they're only going to cave for three months, and then they'll be back to demanding negotiations again, but essentially it is over. president obama called their bluff. b
CSPAN
Jan 15, 2013 7:00am EST
to do. when you get down to the debt ceiling, the debt ceiling is about whether you pay your bills. the united states pays its bills. that is all the debt ceiling debate is about, whether we agree to pay bills the week incur. when the bill comes, you do not say, "it's time to bring in spending so i'm not going to pay you." what happens when consumers do that? it ruins our credit rating. your credit score goes down. that makes it harder to get a loan. if you do get a loan, the interest rate will be higher. it is the same thing with the federal government. if we default on our obligations, people notice that around the world. what we saw last year was when we have the same thing happened , a budget debate around the debt ceiling, we took a hit for our national credit rating. that was damage to america. the same thing happens to our nation if we get a credit downgrade. the interest rates go up. i have heard from a top republican economic adviser. he addressed us at the crs seminar in williamsburg, virginia. this was a three-day seminar in williamsburg. we heard from top experts. i am grateful for having been invited. one of the top economic advisers for presidential contender john mccain. we absolutely canno
MSNBC
Jan 18, 2013 10:00am PST
house republicans are going to take up next week a short-term debt ceiling extension. is it too short? does this get us past the hump? >> well, you know, look, this is an attempt by republicans to acknowledge that in a way president obama has won on the i won't negotiate. >> it's not ending the problem, but it is an acknowledgment by house republicans that having that fight right now is not one that is politically advantageous for them, and not advantageous for the country. it does not mean, however -- obviously, it does not mean that we may not have down the road in three months time, and now kind of mid to late spring, we may not have the fight we are expecting to have next month. >> only 44% disapproval rating for the president. that's a pretty good head of steam going in. real concerns about whether the president and congress can do mying about the economy, which is job one. >> the vast majority say it's in the wrong direction. there is a pessimism, is the best word i can use, about the deposit's willingness and i think even more worrisome ability to fix the problem. >> there is a
CNBC
Jan 18, 2013 7:00pm EST
, virginia, today, house republicans have agreed to take up the plan next week to extend the debt ceiling with some conditions. i think that's boring and uninspiring. let's go to the source of this cnbc contributor robert costa. . . i think it's boring, boring, boring. you tell why this is a great. are not attached to this proposal. very three months. let me say this, from all my reporting down there in eastern virginia default on the debt. so what they're trying to do is just punt on the debt ceiling and focus the spending cut fight on the upcoming continuing resolution to fund the government. >> i didn't hear any focus on spending cuts. and i didn't hear any focus on the sequester. and i'm looking at rasmussen polls that show me that the public wants across-the-board spending cuts. and you and i both know the republican base is hungry for that after getting hosed in that high tax bill. >> i think you're a bit off, larry, respectfully in that republicans i think want to have these spending cuts. but they're picking a strategic battle. and you could be right in saying they're picking the
ABC
Jan 19, 2013 7:00am EST
avoid another standoff on the nation's debt ceiling. top republicans say they will now vote next week to raise the government's borrowing limit for another three months, without demanding immediate spending cuts. they are hoping the move will get democrats involved in the deficit reduction debate by passing a budget by april. >>> and former new orleans mayor, ray nagin, who promised to crack down on corruption, has been indicted on corruption charges. nagin is facing 21 counts, including wire fraud, aun money laundering. mark greenblatt has this story. >> reporter: indicted for construction. the one-time former rock star mayor of new orleans, stands accused of what he campaigned against. >> this state and this city, is saying to the old-line politic toes, we're tired of the games. >> reporter: it's a striking fall from grace for ray nagin, as the justice department indicts him for awarding lucrative contracts and kickbacks in vacation hot spots. he's accused of pocketing more than $200,000 in describes. and the indictment even charges nagin for trying to pocket cash for himself, as the c
NBC
Jan 18, 2013 6:00pm EST
-- >> in the liberal, democratic primaries in 2016. >> let's talk about the debt ceiling, maybe doing something on monday, to cutting off paychecks. >> will there be movement next week? >> they can do it. republican leaders are saying let's not have a fight with the president over it. the politics are terrible, so what they want to do is say, look, we'll give a debt ceiling increase, but what you have to do in the signal is pass a budget. that's the current thinking right now. that gives them more leavage. >> i guess you guys will talk about the second term? >> we have senator schumer, senator cruz from texas, so we'll talk about guns, the debt, and great roundtable, too. and where there's some real challenges and opportunities there as well. you appeared in it. >> i don't want to commen about any of that. it has nothing to do with me. the nra does what it does. the ad is factually incorrect. i think, you know. this is not about me. i ask tough questions on both sides on my program. people sometimes want to make me a political target, which i shouldn't be. in this particular case, they're taking on an argument that's factually untrue. the only protection they get is from the
FOX Business
Jan 18, 2013 11:00am EST
debt ceiling to april 15 next week. rich edson joining us in virginia were these headlines are crossing from. rich. rich: actually to go much longer than that, three-month extension. longer than april 15. republicans will vote on a bill that extends the debt ceiling for three months, this would be from the time february is supposed to run out between february and march treasury says three months beyond that, debt limit increase that would be contingent on the senate and house passing a budget. for years they have failed to pass a budget, and so the debt ceiling would not increase unless the senate and house passed a budget. also, the bill would include language that if congress does not pass the budget, members, greshamission members were not a paycheck. if not, congress does not get paid. thank you. cheryl: thank you very much. over to you for breaking news. dennis: dow jones report in the u.s. negotiate hostage swaps with terrace. cbs is reporting one american hostage is dead, four others have survived in the algeria crisis over there. cheryl: every 15 minutes, of course stoc
CNBC
Jan 22, 2013 1:00pm EST
your conference last week in williamsburg you retreated on the debt ceiling issue. is that a fair characterization? if so, was it a change of heart or a change of tactics? >> i didn't hear rand's comment as far as that is concerned. i think what the gop house conference is concerned about is how do we get forward during the next couple of months with an administration who just yesterday said he has a bold agenda going forward for the future. in order to have an agenda whether you're president of the united states or the ceo or cfo, you have to have a budget. we're saying the same thing the american public is saying to the senate, give us your budget if you want us to then go forward and continuously raise the debt limit. >> so you feel that this vote tomorrow will pass the house what do you expect the senate will do? they haven't been able to pass a budget in four years. >> there's a story that came out, i don't know how true this is, that senator schumer said democr democratic senators have been secretly planning on doing a budget for a long time. that's good and also coincidenta
CNBC
Jan 18, 2013 4:00pm EST
. talking about raising the debt ceiling. look what it did to the vix, to the downside and for the week, maria, the important things is all the moves into cyclical names. energy and industrial stocks all moving. back to you. >> thanks, bob. a lot more coming up on this jam-packed edition of the "closing bell." 80 companies will post earnings next week. despite the shorter week, a lot of them big-name technology companies. a panel of market pros will tell us how they expect this to drive the market and later, asleep at the wheel. the fed releasing transcripts from emergency meetings in 2007 as the crisis was just beginning, and, boy, did they miss the big picture. the story coming up. also ahead. holy car auction! the batmobile from the popular 1960s tv series hits the black this weekend. our robert frank on the lowdown with how high the bidding could go. which batmobile would you buy right now? we'll reveal the most popular coming up. i'd say you've got to go with adam west or michael keaton, my two favorites. what is your favorite? back in a moment. e >>> welcome back. another blockbuster wee
WHUT
Jan 21, 2013 7:00am EST
republicans, saying that they were holding the debt ceiling hostage. there was a threat implicitly from his speech writers that he would use this platform to again go-against republicans. >> would that not be rather unusual? is this not where he transcends the dogfight and becomes the dignified head of state? >> presidents have used it in the past to further their agendas. keep in mind that we have the state of the union speech, saving his harsher attacks for that speech, talking about his vision for the country for the next four years. >> do you think that that will be determined and preoccupied by domestic events? or do you think he will be looking to secure the legacy with a big gesture movement on middle east peace, for example? >> absolutely, the stereotype of second term presidents is that they will go for middle east peace. this president is no exception. he laid the groundwork for that with mohammed morsi a few weeks ago. every indication from the white house is that they will be trying to work on iran and the crisis brewing there. also the crises in syria and somalia. there are ton
Current
Jan 21, 2013 5:00pm PST
next two to four weeks saying we'll have bitter fights perhaps debt ceiling shutting down the government, perhaps begun control. they will be tough fights and the american people need to be ready for that. >> john: george, it seemed--what are your thoughts on that before i move on. do you think that was a pretty direct calling out of mitch mcconnell and the republicans? >> yes, look over the next few months we'll we you'll have a big fight over the sequester the funding of the government and the debt ceiling. i think he's trying to pull out the weeds of that because none of it is the soaring lofty rhetoric. i think he's trying to push past that mess to what he would care to do. >> john: alex, after seeing how large a role the hispanic vote played in the 2012 election and how poorly mitt romney played to that demographic. let's not forget his univision appearance what i call gringo star. >> they may need to work out what the messaging is going to be on this site. if they don't you can bet the democrats will use it in the the 2014 midterm. you remember in 2010 when democrats cou
FOX News
Jan 21, 2013 1:00pm PST
weeks? >> nervous about the debt ceiling and sequestration that hurtd g.d.p. and the fiscal deal. again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more gamesmanship in both sides with a brief window. >> the economy is better, that is clear. housing is coming back. there is alignment between the business community and the priorities of the executive office. immigration reform. education. corporate tax reform. we need the other things we mentioned, the debt ceiling happened first. otherwise, this is going to be an uncertain year. >> why didn't you get picked if treasury? ing in against jack lew but they need guys like you. >> i am very flattered. fox sh
FOX News
Jan 15, 2013 8:00am PST
. congress has just weeks to increase our debt ceiling. fitch, a leading credit ratings agency, says a repeat of the 2011 debt limit crisis would spark a formal review of our country's aaa rating. that could mean a downgrade by them. now you might remember, s&p, a different agency, already downgraded our country in 2011. that was the first time in our history that that happened. the president is taking a hard-line stand, issuing a warning of his own to the gop. >> we have to pay our bills. congress has two choices here. we can act responsibly and pay america's bills. or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. jenna: republicans like congressman jason chaffetz blasting back against the president. >> i think the president was terribly irresponsible today. to say he will not talk about it because he is above it, but blame all of congress, in part congress helped create this problem but we are going to hear to solve this problem. i got elected to uphold the constitution
FOX Business
Jan 15, 2013 7:00pm EST
didn't do in the fiscal cliff debate, nor in the last debt ceiling by. how speaker john boehner and mitch mcconnell, for their part, conspicuously avoiding news cameras and silent at the administration's assault on the second amendment as it escalates. a backlash appears to be building in certain parts of the country. one republican congress gentleman requesting act unilaterally. and the state of texas introducing a measure that would make federal officials subject to prosecution. tonight we have the "a-team" to discuss the issue. in the sandy hook elementary school massacre rolling rock school safety and the idea of armed guards in schools across the country. one school district is not waiting for the president to act. karl cameron has the report. reporter: reporter: this steel town now has armed troopers guarding their public-school. >> the first reaction is to keep the kids at school say. >> whether we are right or wrong, we will do whatever it takes to protect the children. >> there is concern that any weapon in schools can create new risks. in july the more evidence that we hav
CSPAN
Jan 17, 2013 11:00pm EST
i see it, is what should have been. i think we should extend, if not and the debt ceiling issue. we should set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to the serious discussion of tax reform and environment issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part in the debt ceiling in the next six weeks and then move on. those who are saying let's do it dribble by turbo, they are the ones who would be undermining the effort to sit down and have a serious discussion of tax reform. >> we've got about two minutes left. francine. >> the question about itemize deductions. what s-sierra thought of having a cab, that people can use it for whatever they want for mark h., whatever. >> i think the problem with the cap is that it has to seriously consequence, especially for charitable contributions. because a substantial portion of the charitable contributions come from the very wealthy. ii think the figure may be something like well over half comes from people with income over a million. it may be more than not. so the
CSPAN
Jan 15, 2013 8:00pm EST
end the debt ceiling issue. we should just set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to serious discussion of tax reform and entitlement issues. so i see it in a sense the opposite way. i say let it is done, the sequestration part in the debt ceiling in the next six weeks and then move on. those who are you saying let's do a triple by drivel, they are the ones who would be undermining the effort to sit down and had a serious discussion of tax reform. >> we have about two minutes left. francine. >> the question itemized reductions. what is your thought of having a cap and itemized deductions that people use for whatever they want. mortgage or a charity or whatever. >> i think the problem with a cat is that it has to seriously consequence, especially for charitable contributions. because a substantial portion of the charitable contributions come from the very wealthy. i think this figure may be something like well over half comes to people with income over a million. it may be more than n
FOX Business
Jan 20, 2013 8:00am EST
along with todd schoenburger. >> gary get rid of the debt ceiling best or worst thing for the economy? >> it's absolutely the worst thing, brenda. the left likes to say, well, you know, ronald reagan raised the debt limit 18 times, george bush raised it 7 times, bill clinton raised it 8 times. so, you know, both sides do it so it must be okay, and from the perspective of fair and balanced, it has to stop no matter who is president. we go through the same cycle, we raise the debt limit, spend more,en gout and borrow more, and raise the debt limit again and it looks like it's unstoppable, but this is the check and balance of how to govern our society. we can't afford the bills we have now to pay. someone has to say, no, spend what you have and let's move on. >> brenda: you know, it doesn't really mean anything. why not get rid of it. it's been used for political hay, both parties have made political hay out of it. >> that's right, every 18 months we're going through an economic crisis and here we have another one brewing regarding the debt ceiling. let's get rid of it. i'm all for small
FOX News
Jan 22, 2013 1:00pm PST
tomorrow, an effort to push off this debt ceiling to date. something that would have really expired in a matter of weeks for another couple of months. i think we will be doing this in may, so your kid is graduating from school into a nightmare. same time, same place. same bat channel. to the flight amid the tax threat. you hear about this -- those in power don't like being taxed. so former french president out of power, nicholas sarcozey and his wife are considering fleeing frarch. phil mickelson saying the same thing. the democratic leaders here better take note, if they have the money, they will run. there are reasons for both of these guys to bring back their remarks, as you know. but they do follow a trend of folk who is have means who are saying the government -- and governments are going too far. do they have a point? >> well, i think they definitely a point, neil. economics is a very dynamic social science. there is a latin phrase that means, all things being the same. the democratic policy approach is everything's the same. we can increase tax rateses or in france, we can increase them to 75% and ev
FOX News
Jan 18, 2013 10:00am PST
ceiling debate coming in the weeks ahead and you'll remember at a previous jobs council meeting, the president made a comment that back fired on him and to what jay carney said about the president and the economy. >> shovel ready was not as shovel ready as we expected. >> the reelection was in some ways for all of us here, you know, a humbling experience because it was an assertion by the electorate to said despite how hard the last four years have been on this country because of the great economic crisis that we were in when the president took office, that the steps that we've taken have been the right steps, and more work needs to be done. >> more work needs to be done. when you talk to the president's top advisors, they say he wants to act quickly after the inaugural address and state of the union coming up in february to work on key domestic issues like immigration he reform, like gun control that he's been talking about throughout this week, but he realizes as well, they say, that he's got to keep his eye on the ball in terms of the economy, the jobs crisis, even though unemploy
FOX News
Jan 20, 2013 8:00pm PST
president obama said monday about the debt ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4
FOX News
Jan 21, 2013 3:00am EST
monday about the debt ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4 trillion dollars
Current
Jan 15, 2013 9:00pm PST
weeks and months ahead. okay. quick question about the debt ceiling. these talking points, that the right have, about the "heavy hand of government" ... i want to have that conversation. let's talk about it. really? you're going to lay people off because now the government is going to help you fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. ♪ ♪ the trucks are going farther. the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? >> john: before we could even shake off our collective fiscal cliff fatigue it's now back to the doldrums of the debt ceiling debate, my friends. yes, unfortunat
CNBC
Jan 16, 2013 7:00pm EST
sit in a pot of water waiting for it to boil. >> stop using the debt ceiling. you'll have a continuing resolution that runs out two weeks afterwards. why risk. in fact, if this is the rhetorical debate you want to have -- >> the problem with the republican party we get into this incrementalism where we assume we can win and keep putting off the debate. let's have a debate about whether or not we should balance our budget. >> a continuing resolution will be passed. the debt ceiling will be raised, right. >> i agree. the debt limit should be raised. >> should be raised with spending cuts and policy changes. >> why. >> so we can put our nation on a path to balance. >> why not have the fight on resolution. you're talking about future spending and not threatening the full faith and credit of the u.s. government. >> nobody is threatening the full faith and credit. >> it undermines your argument to have it during the debt ceiling debate. >> we can have this debate right now. we need it for the next month and come together a month from now and figure out where we stand. to prejudge this debate and say the president won't do x, the preside
KICU
Jan 18, 2013 4:00am PST
next month or so, particularly as this debt ceiling debate really gets heated up. > thanks greg. > > thanks angie. gm is giving its north american factories a billion-dollar facelift. the automaker plans to overhaul about 70% of u.s. auto models. so far, the remodeling includes redesigns for its full- size pickup trucks, a new chevy corvette stingray and a cadillac luxury version of the volt plug-in electric car. the kaiser family foundation is crunching the numbers on medicare. it finds if medicare's eligibility age is raised to 67 next year, federal spending drops by $5.7 billion in 2014. but, health insurance payments by other americans rise by $11.4 billion. medicare is likely to come up in the debt ceilng debate. president obama has said he is willing to make minor adjustments. house republicans want severe cuts to stop the increase of medicare spending. the employment picture remains mixed around the globe. many employers in brazil, india, russia, china and the u.s. expect to add staff in 2013, according to careerbuilder. but europe will feel the pinch of austerity. a thir
CNN
Jan 18, 2013 4:00pm EST
mean because, according to most economists, we will hit that debt ceiling mid-february. >> so here's the question, bottom line, is is this a sure thing? will congress actually vote to raise the debt limit next week? >> well, there is a catch. the house gop, the leadership at least says what they are going to try to pass next week would raise the debt ceiling for three months but with a condition. and that would be that the house and senate pass budgets. it may seem simple but house republicans like to point out that they haven't passed a budget in years. we already saw a carefully worded statement welcoming the gop move but also making clear he doesn't want conditions on it. sources say they are not really sure how it's going to play out but so farther playing along. the white house is softening its hard line, too. jay carney said that he is, quote, encouraged. >> let's see how encouraging it all becomes. thanks so much for that, dana. >>> as a tense hostage situation unfolds in algeria, serious questions about how or whether to negotiate with terrorists continuing right now. we're going to get some insight and analysis. plus, seven cities, four states, 100 federal offices and cnn is there as an alleged
FOX News
Jan 15, 2013 3:00pm PST
aboutbe the credit rating situation ahead of the the debt ceiling debat debate. in the abbe sense of medium term deficit reduction plan consistent with sustaining the economic recovery and restoring confidence in the long run, sustainability of the u.s. publicbe finances the current negative outlook on triple-a rating is likely to be resolved with a downgrade later this year. even if another debt ceiling crisis is averted. steve? >> of course it is. we are added to the debt at unprecedented pace. of course, the agencies that exist to provide ratings on our debt are going to tell us that we will be downgraded. you have to have a discussion in the broader context. this is why the things are different when you talk about $17 billion in this particular mulvaney amendment. it is not a ton of number. in the context of $1.2 trillion debt. but you to have the discussions about the $17 billion. it's not out of line to suggest that a 1.6%be off-set is reasonable. >> bret: i will say one thing aboutbe the debt ceiling debate quickly. president obama yesterday and then jay carney back in 2011 tw
CNBC
Jan 22, 2013 9:00am EST
the debt ceiling standoff. >>> what a week it is going to be. "squawk on the street" is back in a minute. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> shares of research in motion are up sharply this morning, after the ceo said the ongoing review could potentially leetd to the sale of its handset business. plaque berry upgrades alone could in fact drive themes. the question in terms of if they do license their software platform, jim, who would they license to, since knockia is with microsoft, and samsung, motorola with android, so who is left to license with this platform? >> they talk abou
FOX News
Jan 18, 2013 7:00pm EST
debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republicans are trying to force it house speaker john boehner told house members, quote: before there is any long-term debt alowe time for a budget to get done. >> he our hope is to pass something very early so the senate can take action as well. i wouldn't put any jeopardizing
CNBC
Jan 17, 2013 12:00pm EST
, you had no position. you took everything off ahead of the debt ceiling or ahead of the fiscal cliff or whatever was going on at that point in time. where your today? >> my toes are back in the water. for the last several weeks i've been buying selectively here and there. i'm still on lie about 25% invested. in expiration week i'm usually 100%. i'm not as confident but today's move in particular, driving up through the resistance which was somewhere around the 7414, 74 area in the s&p we blew through that. that's a positive sign. and the fact that while apple had been having those sessions where it was down $20 session after session, with that big turn around yesterday, you take a look at it here, nobody would have guessed that apple could be down as much as it had been down over the last several weeks and still the market at record highs. >> why so little love for the market. housing starts today highest since 2008. jobless claims fall more than expected. philly fed market highs of the day. >> my main season in i can get the same exposure to the market without being in the market in the equities themselves through option. somebody on twitter just reached out to me about doc take a look at next week's 150 calls i
CSPAN
Jan 16, 2013 9:00am EST
debt ceiling, over sequestration, over even the continuing resolution. can that be part of -- the mini crises or or the big crises we're facing in the next couple of weeks. >> my own judgment is we need to face up to sequestration. we need to find a balanced way to do it and then go on to tax reform and entitlement reform. >> brian? >> um, in your view, did the president make an error either strategically or on the legal merits by taking any work around the debt ceiling off the table yesterday saying whether it's the coin or the 14th amendment that there's no way the treasury can, you know, really effectively prevent the consequences of breaching the debt ceiling if it's not raised? >> no. >> that was the right call? >> i think so. because it gets back to the first question from many klein about where we are -- from mr. klein about where we are. and to my comments about the change in the republican ranks. i really think the president had no choice but to, essentially, say to the republican party you should not dabble with the debt ceiling. that it's something that would have such serious consequences. and i don't want to essentially see if i can find ways arou
CSPAN
Jan 23, 2013 7:00am EST
the debt ceiling on the across-the-board spending cuts known as the sequester, coming up. also, at the end of march, we have the continuing resolution, because the senate has not passed a full budget and the two chamber is not agree to a budget, but they have been working off a continuing resolution which funds the government for certain amount of time. it will end on march 27. house leaders tried to put forward or sketched out a game plan for how they would handle things going forward. the first step in all this is the vote today on a short-term debt limit extension. host: seth, you mentioned the republican retreat last week and on conversations with conservatives, an event on capitol hill yesterday. what kind of dissent did you hear from conservative republicans on the debt ceiling vote? guest: they want to make sure that they get some sort of deficit reduction out of this. i think it makes them a little nervous. this is what many will referred to as a clean vote on the debt ceiling, if they're not a lot of strings attached. they would like to see more deficit reduction. i think
FOX News
Jan 18, 2013 3:00pm PST
on the debt ceiling. but demand a budget from congress first. the fox all-stars talk about it when we return. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. try the #1 gastroenterologist recommended probiotic. align. align naturally helps maintain digestive balance. ♪ ooh, baby, can i do for you today? ♪ try align today. is a fantastic experience. 30 shrimp for $11.99. i can't imagine anything better. you're getting a ton of shrimp, and it tastes really good! [ male announcer ] hurry in to red lobster's 30 shrimp for just $11.99! choose any two of five savory shrimp selections, like mango jalapeÑo shrimp and parmesan crunch shrimp. two delicious shrimp selections on one plate! all with salad and unlimited cheddar bay biscuits. 30 shrimp, just $11.99 for a limited time. wow, that's a lot of shrimp. i'm ryon stewart, i'm the ultimate shrimp lover, and i sea food differely. >>> our hope is to pass something very early so the senate can take
WETA
Jan 17, 2013 2:30am EST
says to the president, "hey, you know, on this debt ceiling stuff, we ought to do something big." >> narrator: on and off for weeks, obama and boehner met in secret. >> boehner calls these "the nicorettes and merlot sessions." the president is having iced tea and chewing a nicorette. and boehner is having a glass of merlot red wine and smoking a cigarette. >> narrator: it was obama's dream negotiation. a bipartisan deal. >> if the speaker and the president could come to a deal, and they both, as we used to say, hold hands and kind of jump off the ledge together, then they could not ram through, but they surely, with the strength of their positions, would have a very good chance to sell them the package. >> narrator: the president offered entitlement cuts. the speaker offered increased revenue from taxes. with less than two weeks to go, they thought they had a deal. it became known as the grand bargain. >> it's not every day that the speaker comes to see the president quietly and says, "i'm willing to do a deal" that everybody knows is going to be dangerous for him politically. >> narrator: back at the capitol, boehner wo
MSNBC
Jan 14, 2013 8:00pm PST
real fight was going to come on this debt ceiling. and they think that this is the way. now, it's like handing the keys to a john deere tractor to a 6-year-old and let him try and drive it. these guys, they have no idea what they're doing to the economy. and they will wreck it because they think that that way they'll get their way on some other things. it is simply -- you can't -- if the facts made any difference, the president would win the day totally. but the facts don't -- it doesn't make them move at all. they simply believe that if they are tough enough and bring enough chaos, they will get what they want. and they don't understand what they're asking for. it is really scary to me. >> well, it's scary to a lot of americans, because it will hurt a lot of people. but why would they do this? do they want the big three that bad? do they want sequestration that bad? do they really want these cuts to hit? because if you look at the cuts, if we go down that road, it's going to hit the pentagon pretty hard. and that's, of course, their core. they don't want to let that go. >> they want t
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